The Japanese automaker has extensively been acknowledged as a laggard within the transition to electrical vehicles.
Years of betting on hydrogen gas cells and hybrid automobiles has put Toyota behind on battery-electric automobiles.
The electrical car is reportedly going to be powered by BYD’s blade battery cells with LFP chemistry.
LFP chemistry has improved sufficient lately that it’s shifting from primarily being utilized in electrical buses to now electrical vehicles.
BYD’s blade battery has attracted plenty of consideration – even from Tesla, in line with reviews popping out of China.
The brand new electrical automobile will reportedly be barely larger than the Toyota Corolla and promote for lower than below 200,000 yuan ($30,000).